National

Analysts expect jobless rate edged up in December

Darpan News Desk The Canadian Press, 10 Jan, 2025 11:30 AM

Statistics Canada will release the country's job report for December this morning.

November saw Canada's unemployment rate rise to 6.8 per cent — the highest jobless rate since January 2017 outside of the COVID-19 pandemic.

Analysts at RBC and BMO believe that number will have edged up again in December to 6.9 per cent, as the country's labour market continues to underperform.

The analysts also expect Canada added a modest 10,000 jobs in December.

The labour market survey comes ahead of the next Bank of Canada interest rate decision on Jan. 29.

Prev Next

MORE National ARTICLES

Trust in governments rebounds after pandemic

NDP supporters were the most likely to say parties are divisive, at 65 per cent, compared with 62 per cent of Conservative supporters. Liberals supporters were the least concerned about it, with 52 per cent listing political parties as divisive.

Trust in governments rebounds after pandemic

New Buy American talk 'concerning' to B.C. lumber

The B.C. Lumber Trade Council says it's "concerning" that Biden says he wants to restrict the use of foreign lumber in federally funded infrastructure projects. Biden announced the expanded rules during Tuesday's state of the union speech on Capitol Hill.

New Buy American talk 'concerning' to B.C. lumber

Two killed in North Vancouver house fire

Several people escaped but police say a man and woman were found dead inside when firefighters were able to enter the house after knocking down the flames. The cause of the fire is under investigation.

Two killed in North Vancouver house fire

Study finds promise in single-shot COVID treatment

Edward Mills, one of the authors, said peginterferon lambda stands out as a potential "one-and-done" treatment for older patients, noting current options includemulti-dose infusions of monoclonal antibodies or the medication Paxlovid, which requires three pills repeated twice a day, for five days.

Study finds promise in single-shot COVID treatment

Burnaby morning crash claims life of motorcyclist

The motorcycle was travelling southbound on Douglas Road at the time of the crash, which is believed to have occurred at approximately 6:10 a.m. The hatchback was travelling eastbound on Laurel Street. The driver of the hatchback remained on scene. A 33-year-old motorcyclist was pronounced dead on scene.

Burnaby morning crash claims life of motorcyclist

Turkey quake tragedy offers B.C. lessons: experts

Last month, the B.C. and federal government jointly announced the province is ramping up an early earthquake detection system in "high seismic risk areas." The national earthquake early warning system already has several hundred sensors overseen by Natural Resources Canada.